Global IoT Sensors Market To Grow At A CAGR Of 32.5% Through 2022

Global IoT Sensors Market To Grow At A CAGR Of 32.5% Through 2022

“IoT Sensors Global Market Report 2019”
STMicroelectronics N.V Is One Of The Largest Companies In The IoT Sensors Market, According To TBRC’s Report (Companies: STMicroelectronics N.V, Texas Instruments Incorporated, Te Connectivity Ltd, Broadcom Limited and NXP Semiconductors N.V.)

The global IoT sensors market was valued at about $5 billion in 2018. North America was the largest region in the IoT sensors market in 2018.

The IoT (Internet of Things) sensors market consists of sales of IoT sensors. These IoT sensors are used for industrial, personal or commercial purposes.

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The global IoT sensors market is expected to grow to around $17 billion at a growth rate of around 33% through 2022. The rising number of people living in urban areas is expected to drive the market for IoT sensors. As urban areas expand, IoT devices and related services will play an important role in catering to the rising urban population.

However, concerns regarding data security and privacy are acting as a restraint on the IoT sensors market. IoT devices are capable of collecting, storing and analyzing large amounts of personal data which is prone to unethical use

Companies are increasingly investing in the development of IoT sensors with cheaper, smarter and advanced technology. As the adoption of IoT devices increases, there is a need to design IoT sensors that are small, cheap and help the device consume less energy. For instance, researchers from the Green IC research group invented a low-cost, no-battery wake-up timer that reduces the power consumption of IoT sensor nodes. Also, Texas Instruments uses their ultra-low-power MSP 430 MCU to build a smart fault indicator for electric power distribution networks that reduce operating costs and equipment damage.

Major players in the market are STMicroelectronics N.V, Texas Instruments Incorporated, Te Connectivity Ltd, Broadcom Limited and NXP Semiconductors N.V.

STMicroelectronics is a French-Italian multinational electronics and semiconductor manufacturer headquartered in Geneva, Switzerland. It is commonly called ST, and it is Europe’s largest semiconductor chip maker based on revenue.

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 Few Points from Table Of Contents: 

  • 2. IoT Sensors Market Characteristics
  • 3. IoT Sensors Market Size And Growth
    • 3.1. Global IoT Sensors Historic Market, 2014 – 2018, $ Billion
      • 3.1.1. Drivers Of The Market
      • 3.1.2. Restraints On The Market
    • 3.2. Global IoT Sensors Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
      • 3.2.1. Drivers Of The Market
      • 3.2.2. Restraints On the Market
  • 4. IoT Sensors Market Segmentation
    • 4.1. Global IoT Sensors Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
      • Accelerometers
      • Gyroscopes
      • Magnetometer
      • Pressure sensors
      • Temperature sensors
      • Light sensors
    • 4.2. Global IoT Sensors Market, Segmentation By Vertical, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
      • Industrial IOT
      • Consumer IOT
      • Commercial IOT
    • 4.3. Global IoT Sensors Market, Segmentation By Network Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
      • Wired Network Technology
      • Wireless Network Technology

 

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